The forecast for wine demand in Chile from 2024 to 2028 shows a slight but steady decline, beginning at 263.49 thousand metric tons in 2024 and decreasing to 260.97 thousand metric tons by 2028. This represents a gradual year-on-year reduction of approximately 0.25% to 0.3%. Considering 2023, actual demand stood at 264.00 thousand metric tons. These figures denote a compounded annual growth rate (CAGR) of around -0.28% over the planned forecast period.
Future trends to monitor include changes in consumer preferences, potential impacts of global economic conditions, shifts towards sustainable and organic winemaking practices, and developments in technology aimed at enhancing production efficiency. Additionally, the influence of climate change on grape cultivation and subsequent wine production should be observed closely. Monitoring export trends and emerging markets may also offer insights into external demand shifts.
